Chalet Hotels L posts Q1 net profit of Rs 27.09 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit during the quarter stood at Rs 27.09 crore compared to net loss of Rs 36.60 crore in the previous year quarter. Net revenue of the company rose two fold by 256.33 per cent at Rs 239.42 crore in April-June quarter of this fiscal as against Rs 67.19 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 92.10 per cent to Rs 141.98 crore from Rs 73.91 crore in year ago period.
Other Income grew by 21.94 per cent at Rs 6.67 crore versus (Jun'21 Rs 5.47 crore). Operating Profit surged by 1550.00 per cent to Rs 97.44 crore as against Rs -6.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 507.00 per cent in June quarter. Interest grew by 9.57 per cent y-o-y to Rs 38.01 crore, while Taxation increased by 137.70 per cent at Rs 10.37 crore (Jun'21 Rs -27.51 crore).
